Sales volume across all merchant stores. The total dollar value of orders processed on the Shopify platform in the period, net of refunds, and inclusive of shipping and handling, duty and value added taxes.
Last reported quarter 2021 Q1 it was $37.30 billion, up by 114% year-over-year from $17.40 billion. From $61.10 billion in 2019 it increased by 96% to $119.50 billion in 2020.
Source: Shopify Quarterly Results.